15th Apr 2015 14:37
LONDON (Alliance News) - Henderson Global Trust PLC Wednesday said its net asset value total return per share underperformed compared to its benchmark in the 2015 financial year but said it was a "significant improvement relative to the company's peers".
Henderson's net asset value per share rose to 431.3 pence in the year ended January 31, from 385.8 pence at the end of the previous year. Its net asset value total return was 14.5% whilst its benchmark's return was 17.5%. Henderson's benchmark is made up of 50% FTSE All-Share Index and 50% MSCI All Country World Index.
"While the company's net asset value performance was behind the benchmark total return of 17.5%, it represents a significant improvement relative to the company's peers. The company is ranked 12 out of 34 funds within the company's AIC sector peer group for the year ended January 31, 2015, compared to 24 out of 30 for the year ended January 31, 2014," said Chairman Richard Stone.
Henderson said the improvement in performance was mainly down to the fund manager's stock picking and increased geographical presence in North America, and said this was achieved "without excess risk and with virtually no gearing".
As a result, the trust said it would maintain its total dividend for the year at 10.0 pence per share, flat from a year earlier.
Henderson shares were up 0.2% to 414.00 pence per share on Wednesday afternoon.
By Joshua Warner; [email protected]; @JoshAlliance
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